Understanding End of Financial Year Strategies

Hang on a minute! I’m not going to bore you with topics such as – “Top tips for preparing for EOFY” “Tips for ….” You get my point. I’d like to focus on how these “top tips” may impact you Pay Interests in Advance We’re making a big assumption that you’ve started to create wealth using some growth assets (property or shares). If you’ve borrowed money to invest in these asset classes, then consider structuring the loan to allow you to pay your interest costs in advance. Benefits of pre-paying interest may be suitable to you. Let’s break this down in dollar terms. Say your interest repayment on an investment loan is $20k per year. Come June 30, 2017, you get to offset $20k against income earne

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